BT Group PLC BT Group provides refreshed pro forma KPIs (0381E)
June 27 2023 - 4:05AM
UK Regulatory
TIDMBT.A
RNS Number : 0381E
BT Group PLC
27 June 2023
BT Group provides refreshed external KPIs and historical pro
forma disclosures
BT Group provides refreshed external KPIs and historical pro
forma disclosures for FY22 and FY23, incorporating:
-- The formation of Business on 1 April 2023, from the combination of Enterprise and Global
-- Refined allocation of shared central costs between BT's Customer Facing Units (CFUs)
-- Refreshed financial and operational metrics for BT's CFUs
27 June 2023
Following the formation of Business, BT has refreshed its KPI
disclosures to present this business on a pro forma basis. In light
of this, and the formation of Digital and Networks, BT has also
adjusted the methodologies used to allocate shared fixed costs
across its CFUs to more closely align them to their actual
consumption. Finally, BT has also refreshed its CFU financial and
operational KPIs to better align them with the internal metrics
used to manage each unit.
Refreshed KPIs, formation of BT Business, and adjustments to
central cost allocations
1. Business was formed from the combination of the former
Enterprise and Global units and will commence reporting from Q1
FY24.
2. BT has adjusted its methodologies used to allocate shared
Network, Digital and support function costs across its CFUs,
reported within operating costs and capex. The changes more closely
align the recharges received by each CFU to their actual
consumption. These changes impact CFU financials only and have no
impact on the reported Group financials.
3. BT has also refreshed the CFU financial and operational
metrics used to explain company performance from FY24. This will
improve visibility of the drivers of BT's performance, whilst
simplifying and better aligning the company's external KPIs to the
internal metrics used to manage the business.
These changes have no impact on BT's financial outlook which
remains unchanged.
Pro forma financial and operational KPIs, reflecting 1, 2 and 3
above for FY22 and FY23 are available on our website. Historical
pro forma KPIs are unaudited and provide an indicative history of
BT's performance.
Accompanying documents
1. Pro forma KPIs (Document A): BT's pro forma KPIs for FY22 and
FY23, reflecting the formation of Business, the impact of
adjustments to central cost allocations, and refreshed metrics for
BT's CFUs
2. Pro forma KPIs - Supporting information (Document B): A
bridging document between BT's previously reported KPIs and BT's
pro forma KPIs (Document A)
ENDS
Enquiries
Press office:
Tom Engel Tel: 07947 711959
Investor relations:
Mark Lidiard Tel: 0800 389 4909
About BT Group
BT Group is the UK's leading provider of fixed and mobile
telecommunications and related secure digital products, solutions
and services. We also provide managed telecommunications, security
and network and IT infrastructure services to customers across 180
countries.
BT Group consists of three customer-facing units: Consumer
serves individuals and families in the UK; Business* covers
companies and public services in the UK and internationally;
Openreach is an independently governed, wholly owned subsidiary
wholesaling fixed access infrastructure services to its customers -
over 650 communication providers across the UK.
British Telecommunications plc is a wholly owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
*Business was formed on 1 January 2023 from the combination of
the former Enterprise and Global units. It commenced reporting as a
single unit from 1 April 2023, with pro forma reporting information
to be produced ahead of BT Group's Q1 FY24 results.
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END
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